Bitcoin It remains in a correction mode after reaching its maximum of more than $ 124,500, now floating about $ 110,000. The Glassnode weekly Bulletin highlights assembly stress among the main buyers, since the investor cost base in the last six months is under pressure.
The firm said: “Therefore, it is likely that any relief rally finds resistance, since short -term headlines seek to go out in Breakeven.”
The asset has passed under the prices made of 1 month and 3 months, currently at $ 115,300 and $ 113,700. However, the price of 6 months, at $ 107,440, is acting as a key support level.
The price made represents the average purchase price of currencies within a certain period of time, offering information about the positioning and feeling of investors.
COINDESK Research also points out that the short -term holder made the price that takes place above $ 108,500, a bitcoin level bounced on August 26. Meanwhile, the price made of all 2025 buyers has decreased just over $ 100,000, creating another important psychological threshold if the market falls more.
This correction underlines the growing pressure on recent buyers and the importance of price levels made in market psychology.
